Cost Engineer

10 سبتمبر، 2022

0 6 2 دقائق

Cost Engineer

الوصف الوظيفي

Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete
the project within the approved budget
Ensure any deviation from budget is promptly spotted and analyzed, final impact is estimated and the effect of corrective
actions taken is monitored
Create a cost awareness atmosphere among project team
Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfacesAt project initial phase:
After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown
Structure according to the relevant procedure, reviewing the procurement/accountin g system adopted in each Operating
Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability
Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Managemen t Plan, for the Project Control
Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to
monitor procurement and accounting activities
If not provided during the commercial phase, split the Commercial Budget according to the intercompany scheme, contract
and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cash-flow by currency

Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative
assessment of the identified risks and opportunities
Carry out the Montecarlo Analysis
During the project execution phase:
ensure the Cost Control System works effectively and cost status is soundly assessed and reported
monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received,
determining the monthly accruals (to have accounts in line with works progress)
Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the
cost/revenues forecast relevant to intercompany services
Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from bas elines or
adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback
Issue the project and company reporting
At project closure
Support the Project Control Manager in the preparation of the Project close-out Report and the costfeed-back data to
Project Control and Commercial Departments